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The Royal Thai Navy agrees to submarine budget reduction

The Royal Thai Navy (RTN) has agreed to cut the 3.925 billion baht budget, allocated for the 2021 fiscal year’s instalment for its purchase of submarines, so that the money can be used by the Government to address other pressing

Thai Economy Continues to Improve

The Thai economy has continued to improve driven by public spending and the relaxation of lockdown measures, both in Thailand and abroad. According to the release on Thailand’s economic and monetary conditions for July 2020, issued by the Bank of Thailand

PM asks Navy to postpone submarine procurement for one year

Thailand’s Prime Minister Prayut Chan-o-cha has asked the Royal Thai Navy (RTN) to postpone the procurement of two Chinese-made submarines, worth about 22.5 billion baht, for about one year, Government Spokesman Mr. Anucha Burapachaisri said Monday. He said the RTN will,

Novavax and Canada Reach Agreement in Principle to Acquire Novavax’ COVID-19 Vaccine

•  Canadian government to purchase up to 76 million doses of NVX-CoV2373 GAITHERSBURG, Md., Aug. 31, 2020 (GLOBE NEWSWIRE) — Novavax, Inc. (Nasdaq: NVAX), a late stage biotechnology company developing next-generation vaccines for serious infectious diseases, today announced it has reached an agreement in principle with the Government of Canada to supply up to 76 million […]

AIR Worldwide Estimates Insured Losses for Hurricane Laura Will be Between USD 4 Billion and USD 8 Billion

Boston, Aug. 31, 2020 (GLOBE NEWSWIRE) — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Laura’s winds and storm surge will range from USD 4 billion to USD 8 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. “Although comparisons between Laura and Hurricane Rita (2005) have […]

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